Versor Investments LP Buys Shares of 8,900 Parsons Co. (NYSE:PSN)

Versor Investments LP purchased a new position in shares of Parsons Co. (NYSE:PSN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,900 shares of the company's stock, valued at approximately $821,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its position in shares of Parsons by 0.6% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 32,126 shares of the company's stock worth $2,964,000 after buying an additional 191 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of Parsons by 23.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 87,448 shares of the company's stock valued at $8,067,000 after purchasing an additional 16,748 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Parsons during the 4th quarter worth about $221,000. Navellier & Associates Inc. increased its position in Parsons by 11.5% during the 4th quarter. Navellier & Associates Inc. now owns 91,538 shares of the company's stock worth $8,444,000 after purchasing an additional 9,467 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Parsons in the fourth quarter valued at approximately $577,000. Institutional investors and hedge funds own 98.02% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PSN shares. Jefferies Financial Group cut their target price on shares of Parsons from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. William Blair upgraded Parsons from a "market perform" rating to an "outperform" rating in a research note on Tuesday, February 18th. Robert W. Baird decreased their target price on Parsons from $125.00 to $78.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Truist Financial dropped their target price on Parsons from $130.00 to $110.00 and set a "buy" rating on the stock in a report on Friday, November 22nd. Finally, Benchmark reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Parsons in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Parsons presently has an average rating of "Moderate Buy" and a consensus target price of $99.44.

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Parsons Stock Up 4.9 %

Shares of Parsons stock traded up $2.72 on Tuesday, hitting $58.07. 1,224,879 shares of the company's stock traded hands, compared to its average volume of 1,594,735. Parsons Co. has a 52-week low of $54.56 and a 52-week high of $114.68. The company has a quick ratio of 1.55, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The stock has a market cap of $6.20 billion, a P/E ratio of 76.75, a PEG ratio of 0.93 and a beta of 0.73. The firm's 50-day moving average is $81.44 and its 200 day moving average is $93.84.

About Parsons

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S.